California State Teachers Retirement System Has $1.54 Million Stock Position in NOW Inc. (NYSE:DNOW)

California State Teachers Retirement System lessened its position in shares of NOW Inc. (NYSE:DNOW) by 1.8% in the first quarter, according to its most recent filing with the SEC. The firm owned 138,033 shares of the oil and gas company’s stock after selling 2,461 shares during the quarter. California State Teachers Retirement System owned approximately 0.13% of NOW worth $1,539,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in DNOW. State of Wyoming acquired a new position in shares of NOW in the 4th quarter valued at about $31,000. Coppell Advisory Solutions Corp. acquired a new position in NOW in the fourth quarter valued at approximately $42,000. Allspring Global Investments Holdings LLC boosted its holdings in shares of NOW by 87.6% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 5,317 shares of the oil and gas company’s stock worth $59,000 after buying an additional 2,483 shares in the last quarter. Point72 Hong Kong Ltd bought a new stake in shares of NOW in the 2nd quarter valued at $62,000. Finally, Captrust Financial Advisors lifted its position in shares of NOW by 173.7% during the 1st quarter. Captrust Financial Advisors now owns 5,973 shares of the oil and gas company’s stock valued at $66,000 after acquiring an additional 3,791 shares during the period. Institutional investors own 95.50% of the company’s stock.

NOW Price Performance

NYSE:DNOW opened at $11.11 on Thursday. NOW Inc. has a one year low of $8.83 and a one year high of $14.86. The company has a market cap of $1.19 billion, a PE ratio of 9.11 and a beta of 1.62. The firm has a 50-day moving average of $10.85 and a 200-day moving average of $10.79.

NOW (NYSE:DNOW) last issued its quarterly earnings data on Wednesday, August 2nd. The oil and gas company reported $0.25 EPS for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.02). The company had revenue of $594.00 million for the quarter, compared to the consensus estimate of $592.30 million. NOW had a return on equity of 14.00% and a net margin of 5.95%. The business’s revenue for the quarter was up 10.2% on a year-over-year basis. During the same period in the prior year, the firm posted $0.26 earnings per share. On average, equities research analysts expect that NOW Inc. will post 0.97 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on DNOW shares. TheStreet upgraded shares of NOW from a “c+” rating to a “b” rating in a report on Friday, May 12th. StockNews.com started coverage on NOW in a research note on Friday, August 18th. They set a “buy” rating on the stock.

NOW Profile

NOW Inc distributes downstream energy and industrial products for petroleum refining, chemical processing, LNG terminals, power generation utilities, and industrial manufacturing operations in the United States, Canada, and internationally. It offers its products under the DistributionNOW and DNOW brand names.